China Takes Oil Price Driver Role from OPEC
Update: 2025-12-28
Description
Chinas Oil Demand: The New Price DriverChinas surging oil imports have become the top short-term influence on prices, surpassing OPECs traditional role. With its vast demand and complex buying patterns, Chinas stockpiling and refinery profits are setting price floors and ceilings, causing volatility that OPEC cant match. While OPEC still holds sway in the long term, Chinas influence is growing, making its data a crucial market focus.
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